Finance Business Partner Consultant
Date: Sep 15, 2023
Location: Erie, PA, US, 16530
Company: Erie Insurance
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Division or Field Office: |
Enterprise Office Division |
| Department of Position: | IT Financial Management Dept |
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Work from: |
Corporate Office, Erie PA |
| Salary Range: |
$83,576.00 - $133,504.00 * salary range is for this level and may vary based on actual level of role hired for |
*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location, and experience of an applicant, as well as level of role for which the successful candidate is hired.
At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 independent agencies. Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.
Benefits That Go Beyond The Basics
We strive to be Above all in Service® to our customers—and to our employees. That’s why Erie Insurance offers you an exceptional benefits package, including:
- Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work.
- Low contributions to medical and prescription premiums. We currently pay up to 97% of employees’ monthly premium costs.
- Pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
- 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.
- Paid time off. Paid vacation, personal days, sick days, bereavement days and parental leave.
- Career development. Including a tuition reimbursement program for higher education and industry designations.
Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.
Position Summary
- The Hiring Manager will also consider candidates for the Senior Finance Business Partner role (F12). Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications.
- Prior experience in IT Financial management preferred.
Independently contributes by supporting executive and senior management in the development of corporate and/or divisional plans and forecasts. Coordinates related financial and/or workforce planning processes. Conducts analysis of forecasts to actual results and may develop recommended actions to achieve the forecasts. Conducts ad hoc financial analysis and decision support activities for the corporate and/or divisional level. Provides financial thought leadership and direction to business partners in support of highly visible business initiatives. Independently leads key finance projects and manages complex problem resolution. Acts as a subject matter expert and provides additional guidance to less experienced finance business partner staff as needed.
Duties and Responsibilities
Works with business leaders to create financially sound business plans. Assists in the cascading of plans to departments. Assists business leaders in actualizing their business plans within their scope of responsibility. Participates in discussion and decision-making processes for technology, business, and/or human resource investments to ensure that business planning and purpose are considered in all key decisions.
Coordinates the strategic planning and forecasting process, along with analysis over comparison to actuals, for assigned areas of responsibility. Provides financial support and leadership through operating cycles.
Leads the development of financial and operating statistics for assigned areas, to create and drive consistent performance accountability metrics and standards. Identifies improvement opportunities while prioritizing and assisting in implementation.
Performs and reviews peer group analyses and benchmark studies, including the environment, competitors, rating agencies, products, processes and regulations. Raises awareness as appropriate and recommends appropriate strategic financial alternatives in response to key issues identified.
Evaluates proposed project business cases for assigned areas and supports with the inclusion of appropriate and consistent project financials.
Develops presentations of financial and operational analysis for senior and executive management, and the Board.
Analyzes cost and workforce productivity. Understands the cost and human resource impact of business needs and supports the creation, implementation, and adjustment of related business plans. Aids areas of responsibility in improving productivity and modeling capabilities.
Duties and Responsibilities (cont'd if applicable)
Provides corporate financial analysis of strategic initiatives as required. Applies financial expertise and business understanding through modeling, pro-formas, and analysis.
Analyzes and reports external economic trends, including effects of governmental legislation, and appraises financial effect on the company.
Organizes research and analyses over key business initiatives and develops presentations for senior management. Conducts sensitivity analysis and what-if scenarios to support business decision-making.
Develops financial acumen with business partners through articulation of key finance principles such as time value of money, opportunity cost, and cost structure.
Analyzes data for trends and investigates patterns, outliers, seasonality, and drivers in order to support decision-making and/or forecasting of future performance.
Communicates clearly in both formal and informal settings. Presents information and analysis persuasively and leads with insight. Escalates critical information timely to the business and finance as applicable.
Acts as subject matter expert over key systems and processes, and demonstrates exceptionally strong analytical and problem-solving skills with complex and multi-dimensional issues.
Completes special projects as required. Performs other duties as required.
The first five duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.
This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become clear.
Competencies
Qualifications
Bachelor’s degree in finance or accounting, or related field, required. Eight years’ experience in financial analysis, corporate and strategic planning, financial reporting, financial statement auditing, or actuarial required. In depth knowledge of financial analysis, strategic and operational planning, and/or financial modeling required. Demonstrated analytical and forecasting experience in income statement and balance sheet areas required. Strong background in automated information systems, financial reporting requirements and/or modeling tools required. Working knowledge of GAAP required. MBA or CPA preferred. Experience with Hyperion preferred. Experience in an insurance company preferred. The position requires the incumbent to work weekends and restrict vacation during peak periods.
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Physical Requirements
Nearest Major Market: Erie
